Xactware News

Xactware and Rightmove Provide New Service to Improve Insurance Underwriting and Claims-Handling Efficiency

New service provides insurance professionals with highly detailed property information

 — 27 November 2013 — 

Xactware and Rightmove are working together to provide U.K. insurance professionals with quick and easy access to valuable property data, which can facilitate more accurate underwriting and more effective claims handling.

Xactware , a Verisk Analytics (Nasdaq: VRSK) company, is a provider of cloud-based solutions for the property insurance industry that are available on smartphone, tablet, online, and desktop platforms. Rightmove is the U.K.’s number one property website and an unparalleled source of detailed residential property information and data products in the United Kingdom.

The new service gives users access to comprehensive property data, which includes interior and exterior photographs of properties, structural measurements, and even complete floor plans. Insurance professionals can seamlessly request the information from Rightmove through Xactware’s claims management and assignment network, XactAnalysis®, and then use it to save time and reduce operating costs.

“Having this kind of high-quality data available at the onset of a claim is incredibly beneficial for both insurers and their customers because, when it’s combined with Xactware’s leading estimating solutions, it will help insurers’ staff to confidently settle claims at the point of notification,” said James Grant, Xactware’s managing director of the United Kingdom and Ireland. “And if it can’t be settled at the desk, it will speed up and improve the accuracy of on-site inspections and damage validation carried out by surveyors and adjusters.”

“We welcome the opportunity to collaborate with Xactware on this endeavor,” said Alan Gearing, property-related services director for Rightmove. “This agreement enables us to benefit both insurers and their clients in the domestic insurance sector and continue to grow our reputation as the preferred supplier of high-quality, relevant, and detailed information about U.K. residential properties.”

About Rightmove.co.uk

Rightmove.co.uk is the U.K.’s leading property website, displaying details of homes for sale or rent to the largest online audience.

It lists in excess of 90% of all properties for sale and at any time displays a stock of over 1 million properties to buy or rent. The Rightmove.co.uk site serves over 1 billion pages of property information to consumers every month and is the largest marketplace for residential property in the U.K. Rightmove has an extensive suite of property data and valuation products, which are already widely used by Chartered Surveyors, Mortgage Lenders, and other carefully chosen property professionals.

For further information on methodology, please contact the Press Office on press@rightmove.co.uk.

About Xactware

Xactware specialises in technologies for the property insurance, remodeling, restoration, and mortgage and lending industries. Xactware’s tools provide claims estimating, contents replacement, claims management, and property maintenance solutions for desktop, mobile, and online platforms. Xactware’s services include repair cost research and reports, aerial imagery and data, and real-time business intelligence. Xactware has been providing cloud services for customers since 1995. Xactware is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK). For more information about Xactware’s solutions, contact Xactware at 00 44 20 7680 4970 or www.xactware.com/en-gb/.